When you choose the Smart Savings option, our algorithm analyzes your checking account daily. We review your spending, income (plus expected paychecks), your predicted account balance fluctuations during the month, and upcoming bills. From there, we automatically set aside small amounts for you — to build your savings over time.
You can expect to save $25–$100 per week, usually spread across 2–4 transactions ranging from $5–$30 each. We'll transfer these dollars from your connected checking account to your Albert Savings account. We determine Smart Savings amounts at the time of transfer.
If you don't subscribe to Genius, you can still benefit from Smart Savings. However, we will only initiate 1 savings transaction per week.